Best Stocks to Invest In: Expert Picks for Today
Searching for the best stocks to invest in? Here are some expert recommendations for today’s stock market.
Today’s Stock Market Recommendations
Mehul Kothari, DVP – Technical Research at Anand Rathi Shares and Stock Brokers, suggests these top stocks to consider buying today:
Ramco Systems – Bouncing Back from Support
Buy near ₹390 | Stop Loss: ₹345 | Target: ₹480
Ramco Systems is in a neutral trend. But it has now reached a key rising trendline support. The stock recently dropped from the ₹480 zone. It is currently forming a potential bounce-back pattern near support.
With the risk-reward now favorable, this setup offers a good buying opportunity. A return to the recent high around ₹480 is possible.
Minda Corp – Testing Breakout Zone
Buy near ₹510 | Stop Loss: ₹490 | Target: ₹550
Minda Corp saw a major breakout near ₹510 last month. This was followed by a sharp rise towards ₹585. The stock is now retesting previous support. It is consolidating near the 200 DEMA.
The pattern remains bullish and intact. This offers a good chance to re-enter. The bigger target of ₹600 remains active. But for the short term, it has the potential to reach ₹550.
JSW Infra – Potential Breakout
Buy near ₹309 | Stop Loss: ₹294 | Target: ₹340
JSW Infra is consolidating near both 200 DEMA and 200 SMA. It is forming a double bottom pattern around ₹294. The setup is on the verge of a breakout. Strong confirmation is expected above ₹314.
Once triggered, it could lead to swift upward momentum. The current consolidation offers an early entry for the breakout play.
Important Tips to Remember
- Always do your own research before investing.
- Think about your risk tolerance and investment goals.
- Spread your investments to manage risk.
- Keep up with market trends and news.
Disclaimer: The opinions, analyses, and recommendations expressed here are those of the brokerage and do not reflect the views of The Times of India. Always consult with a qualified investment advisor or financial planner before making any investment decisions.
